Airlines in India May Post Huge Losses in FY20 Amid Low Fares, High costs
Indian airlines may end FY20 through March with huge losses, hindered by their inability to increase fares even during the popularly powerful October-December season because of cut-throat rivalry among the airlines.Jet Airways (India) Ltd eventually collapsed in April 2019. It could endure losses for just 20 years or so. The apparent reasons that were put forward were severe cash crunch and a…
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